Tag: Russia

President Joe Biden will visit Europe next week for crucial talks with European leaders about the ongoing Russian invasion of Ukraine. He will attend an extraordinary NATO summit in Brussels on March 24, focusing on sanctions, humanitarian efforts, and coordinating international support for Ukraine.

The European Union and United Kingdom expanded sanctions against Russia, targeting high-end items like pure-bred horses and truffles, while blocking Russian access to global financial ratings and steel markets. These measures aim to isolate Russia economically and limit its resources for continuing military actions.

Asian stocks declined on Tuesday, with MSCI's Asia-Pacific index falling 1.97%, driven by concerns over the Ukraine war, potential U.S. interest rate hikes, and China's rising COVID-19 cases. Chinese stocks showed pronounced weakness, reflecting broader market uncertainty and economic challenges.

Vladimir Putin's attempts to control Russia's internet are exposed by the Ukraine war, with tech company exits threatening to isolate Russians from global information while potentially strengthening state propaganda narratives.

As Russian strikes target western Ukraine, over 2.8 million refugees have crossed into eastern European countries like Poland and Romania. The humanitarian crisis continues to escalate, with thousands fleeing violence and seeking safety in neighboring nations.

Approximately 30,000 people gathered near Brandenburg Gate in Berlin, waving Ukrainian flags and holding signs demanding an end to the war. Protesters of all ages, from children to elderly, united to show support for Ukraine and condemn Russia's military actions.

In a devastating attack, Russian cruise missiles targeted a Ukrainian military training base near the Polish border, killing 35 people. The strike follows Russian threats to intercept foreign weapon deliveries supporting Ukraine's defense against the ongoing invasion.

The UN Food and Agriculture Organization reports that the war in Ukraine could severely impact food security in Africa, Asia, and the Middle East. Ukraine and Russia, responsible for one-third of global grain exports, face agricultural disruptions that may escalate worldwide food insecurity and drive up already high international food prices.

Russian strikes hit strategic locations in Ukraine, widening the offensive with attacks on western airfields and eastern industrial areas. The invasion continues into its 16th day, with intense bombardment of cities like Mariupol, where thousands struggle under siege conditions. US and allies prepare to increase economic pressure on Russia.

A World Bank official highlights how Russia's invasion of Ukraine could reduce growth by a full percentage point for countries like China, Indonesia, South Africa, and Turkey. The war exacerbates existing economic challenges from the COVID-19 pandemic, including debt and inflation uncertainties.